Join Early Retirement Today
Thread Tools Display Modes
filing taxes as a gay couple
Old 04-16-2007, 09:54 PM   #1
Thinks s/he gets paid by the post
lazygood4nothinbum's Avatar
Join Date: Feb 2006
Posts: 3,895
filing taxes as a gay couple

Some states allow same-sex partners to file joint returns, but because the U.S. government doesn't, tax season for gays means additional paperwork and lots more time-sapping computations....

You have to devote time to separating income from joint assets, such as bank accounts, businesses and securities sales. You must split up expenses, such as medical insurance, mortgages, property taxes and business expenses. And then there are the children. How do you go about equitably splitting a child?~~By MarketWatch
"off with their heads"~~dr. joseph-ignace guillotin

"life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901
lazygood4nothinbum is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: filing taxes as a gay couple
Old 04-17-2007, 11:31 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
SecondCor521's Avatar
Join Date: Jun 2006
Location: Boise
Posts: 7,881
Re: filing taxes as a gay couple

It's a horrendous mess, and only likely to get messier.

I have some gay friends who were married when the state they were in temporarily legalized gay marriages. But the state later changed it's mind. So I don't even know if they are considered married right now or not. It seems crazy to me that a marriage is something that might exist or not exist depending on where you lived or traveled within the US.

I know for myself trying to sort out my taxes for last year where I was married for the first part and single for the second part was quite messy and raised the same sorts of questions that this article did for gay folks. I can't imagine what divorced gay couples would face.

"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
SecondCor521 is online now   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Taxes - a warning Cadence FIRE and Money 4 12-27-2006 07:56 AM
Who pays more income taxes in retirement? LOL! FIRE and Money 19 12-17-2006 03:16 PM
value ,location and taxes on your home mathjak107 FIRE and Money 65 09-09-2006 01:24 PM
How much in taxes will I pay? buzz FIRE and Money 11 07-04-2006 09:11 AM
US Taxes for Foreign-based ERs ESRBob FIRE and Money 11 05-13-2004 08:40 PM

» Quick Links

All times are GMT -6. The time now is 10:17 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.